The Importance of Organizations Includes All of the Following Concepts

question 89

Multiple Choice

The importance of organizations includes all of the following concepts except:

• A) creating value for owners, customers, and employees.
• B) establishing important relationships with the government.
• C) facilitating innovation.
• D) bringing together resources for achieving desired goals and outcomes.

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Definitions:

Original Cost

The initial price paid or cost of acquisition of an asset, before any depreciation, amortization, or impairment costs are deducted.

Increased Revenues

A rise in the amount of money a company earns from its business activities over a certain period.

Fixed Costs

Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.

Relevant

Pertinent or closely connected to the matter at hand, often used in the context of information or data.